|
|
|
MIRA
INFORM REPORT
|
Report No. : |
494575 |
|
Report Date : |
05.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TIRUMALA MILK PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
New No.75/8, Old No.1418/2B, 200 Feet Ring Road, Thirumalai Nagar
Extn, Ponniammanmedu Chennai - 600110, Tamilnadu |
|
Mob. No.: |
91-8939898130 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
13.11.1998 |
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|
|
|
Com. Reg. No.: |
18-102741 |
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|
|
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Capital
Investment / Paid-up Capital : |
INR 229.720 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15209TN1998PTC102741 |
|
|
|
|
IEC No.: |
Not Applicable [As informed by the management that firm does
not have export and import] |
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|
|
|
TIN No.: |
33AABCT7907M1Z2 |
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|
|
|
GST No.: |
33891342567 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCT7907M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Processing of Milk and Production and Trading of Dairy Related
Products. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Maximum Credit Limit : |
USD 16856600 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
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Litigation : |
Clear |
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|
|
Comments : |
Subject
is a subsidiary of “B.S.A International SA” based in Belgium but its ultimate
holding is “B.S.A SA” based in France. It was
incorporated in the year 1998 and engaged in manufacturing and processing of
Milk and Milk Products. As per
financials of March 2017, the company has registered a growth of 4.53% in its
revenue as compared to its previous year’s revenue and has reported good
profit margin of 5.61%. Rating
takes into consideration the company’s established track record of business
operations marked by healthy net worth base along with low solvency
indicators and good liquidity position. Rating
also takes into account the strong financial and managerial support received
from its holding entity and well established management team. Further,
the company has reported a good Earnings Per Share of INR 47.56 against its
face value of INR 10. Payments
seems to be regular. In view of aforesaid, the company can be considered good for business dealings at normal trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 05.03.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE [TEL. NO.: 91-8939898130/ 9962507640]
[91-44-30233400] not working
LOCATIONS
|
Registered Office : |
New No.75/8, Old No.1418/2B, 200 Feet Ring Road, Thirumalai Nagar
Extn, Ponniammanmedu Chennai - 600110, Tamilnadu, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-8939898130/ 9962507640 [Office] |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
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|
Branch Offices: |
Located at: · Hyderabad · Vishakhapatnam · Vijayawada · Bangalore |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Rahulkumar Satendra Prakash Srivastava |
||||||||
|
Designation : |
Managing Director |
||||||||
|
Address : |
23 - 7c, Gee Gee Minar College Road, Nungambakkam, Chennai - 600006, Tamilnadu, India |
||||||||
|
Date of Birth: |
14.07.1969 |
||||||||
|
Qualification: |
Graduate |
||||||||
|
Date of Appointment : |
05.09.2014 |
||||||||
|
DIN No.: |
00394067 |
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PAN No.: |
AMEPS9537L |
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Other Directorship :
|
|||||||||
|
|
|
||||||||
|
Name : |
Michel Francois Jacques Auguste Peslier |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
Rue Du Jeu Mayenne 53100 FR |
||||||||
|
Date of Appointment : |
07.01.2014 |
||||||||
|
DIN No.: |
06781252 |
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|
Other Directorship :
|
|||||||||
|
|
|
||||||||
|
Name : |
Olivier Christophe Savary |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
4, Rue Du Morvan Saint Berthevin 53940 FR |
||||||||
|
Date of Appointment : |
07.01.2014 |
||||||||
|
DIN No.: |
06781329 |
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Other Directorship :
|
|||||||||
|
|
|
||||||||
|
Name : |
Martial Jacques Elian Sekely |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
2aya Lynya Serebryannovo Bora Vl.47, St. 1 Moscow NA RU |
||||||||
|
Date of Appointment : |
19.02.2014 |
||||||||
|
DIN No.: |
06800590 |
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|
Other Directorship :
|
|||||||||
KEY EXECUTIVES
|
Name : |
Mr. Sachin Sathyavrathan |
|
Designation : |
Company Secretary |
|
Address : |
Door No : 22, Pallavan Cross Street, Prakash Nagar, Ambattur, Chennai 600053, Tamilnadu, India |
|
Date of Appointment : |
15.03.2016 |
|
PAN No.: |
FVLPS0520N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
BSA International, Belgium |
|
22972003 |
|
BSA along with BSA International |
|
2 |
|
|
|
|
|
Total |
|
22972005 |
AS ON: 28.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Bodies corporate) |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Processing of Milk and Production and Trading of Dairy Related Products.
[Registered Activity] |
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Products : |
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||||
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|
||||
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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|
||||
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Imports : |
Not Divulged |
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|
||||
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Terms : |
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||||
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Selling : |
Not Divulged |
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|
||||
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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|
|
||||||||||||||
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Bankers : |
· Yes Bank Limited ·
HDFC Bank Limited · State Bank of India |
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|
|
|
Auditors : |
|
|
Name : |
B S R and Company Chartered Accountants |
|
Address : |
1st Floor, Lodha Excelus Apollo Mills Compound N.M. Joshi Marg, Mahalakshmi Mumbai 400011, Maharashtra, Indai |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFB9852F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company: |
B.S.A SA Belgium |
|
|
|
|
Ultimate
Holding company: |
BSA SA, France |
|
|
|
|
Associate : |
· Vigneswara Dairy Private Limited [U01212TG1999PTC032427] · Sri Sitarama Dairy Private Limited [U01212AP1999PTC031430] · Les Distributeurs Associes · Hyma Milkline Private Limited [U15209AP1995PTC020168] · Hema Milkline Private Limited [U15201AP1995PTC020564] · Palnadu Dairy Private Limited [U15209AP1999PTC032558] · Anik Milk Products Private Limited [U15549DL2016FTC300557] |
|
|
|
|
Fellow
Subsidiary Company: |
· Lactalis Singapore Pte. Limited · Lactalis Export Americas · Lactalis Dairy Products and Trading Middle East L.L.C · Lacatal i s Investissements |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000 |
Equity Shares (with Differential Right) |
INR 10/- each |
INR 0.110 Million |
|
25000000 |
Equity Shares (with Voting Rights) |
INR 10/- each |
INR 250.000 Million |
|
7500000 |
Preference Shares |
INR 10/- each |
INR 75.000 Million |
|
|
Total |
|
INR 325.110
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22972005 |
Equity Shares (with Differential Right) |
INR 10/- each |
INR 229.720 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
229.720 |
229.720 |
229.720 |
|
(b) Reserves & Surplus |
5670.092 |
4577.641 |
3310.626 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
5899.812 |
4807.361 |
3540.346 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
16.667 |
27.778 |
38.889 |
|
(b) Deferred tax liabilities (Net) |
193.363 |
190.635 |
171.205 |
|
(c)
Other long term liabilities |
129.445 |
101.397 |
115.147 |
|
(d)
long-term provisions |
50.277 |
50.232 |
38.522 |
|
Total
Non-current Liabilities (3) |
389.752 |
370.042 |
363.763 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
265.260 |
|
(b)
Trade payables |
614.627 |
474.240 |
498.906 |
|
(c)
Other current liabilities |
167.557 |
202.182 |
198.464 |
|
(d)
Short-term provisions |
61.558 |
126.165 |
244.892 |
|
Total
Current Liabilities (4) |
843.742 |
802.587 |
1207.522 |
|
|
|
|
|
|
TOTAL |
7133.306 |
5979.990 |
5111.631 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
3283.854 |
3169.292 |
2892.226 |
|
(ii)
Intangible Assets |
26.293 |
30.111 |
11.998 |
|
(iii)
Capital work-in-progress |
128.591 |
108.593 |
195.517 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
3.742 |
3.747 |
3.771 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
252.655 |
210.270 |
286.771 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
3695.135 |
3522.013 |
3390.283 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
998.249 |
457.495 |
1051.984 |
|
(c)
Trade receivables |
168.458 |
123.473 |
87.545 |
|
(d)
Cash and cash equivalents |
2068.956 |
1770.075 |
501.207 |
|
(e)
Short-term loans and advances |
189.402 |
97.134 |
80.612 |
|
(f)
Other current assets |
13.106 |
9.800 |
0.000 |
|
Total
Current Assets |
3438.171 |
2457.977 |
1721.348 |
|
|
|
|
|
|
TOTAL |
7133.306 |
5979.990 |
5111.631 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
19462.302 |
18619.414 |
18171.106 |
|
|
|
Other Income |
138.416 |
96.859 |
15.661 |
|
|
|
TOTAL |
19600.718 |
18716.273 |
18186.767 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
14092.056 |
12956.972 |
13770.310 |
|
|
|
Purchases of Stock-in-Trade |
158.892 |
112.606 |
106.852 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(39.543) |
274.445 |
(209.589) |
|
|
|
Employees benefits expense |
946.225 |
857.694 |
760.161 |
|
|
|
CSR expenditure |
0.000 |
1.338 |
7.658 |
|
|
|
Exceptional items |
0.000 |
0.000 |
(454.350) |
|
|
|
Other expenses |
2647.436 |
2527.843 |
2393.687 |
|
|
|
TOTAL |
17805.066 |
16730.898 |
16374.729 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1795.652 |
1985.375 |
1812.038 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
5.780 |
9.609 |
44.087 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1789.872 |
1975.766 |
1767.951 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
323.743 |
288.809 |
233.562 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1466.129 |
1686.957 |
1534.389 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
373.678 |
419.941 |
406.938 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1092.451 |
1267.016 |
1127.451 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
47.56 |
55.15 |
50.18 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
11.111 |
11.111 |
11.111 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
1147.582 |
2449.517 |
1372.594 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
708.811 |
2015.619 |
1206.489 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
3.16 |
2.42 |
1.76 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
115.53 |
150.80 |
207.56 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
15.74 |
13.24 |
13.12 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.80 |
4.34 |
1.72 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.52 |
0.60 |
0.58 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.12 |
0.14 |
0.25 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.01 |
0.09 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.14 |
0.17 |
0.34 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.58 |
0.69 |
0.88 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
310.67 |
206.62 |
41.10 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
5.61 |
6.80 |
6.20 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
15.31 |
21.19 |
22.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
18.52 |
26.36 |
31.85 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
4.07 |
3.06 |
1.43 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.89 |
2.49 |
0.55 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.83 |
0.80 |
0.69 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.12 |
0.17 |
1.37 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
4.07 |
3.06 |
1.43 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
229.720 |
229.720 |
229.720 |
|
Reserves & Surplus |
3310.626 |
4577.641 |
5670.092 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
3540.346 |
4807.361 |
5899.812 |
|
|
|
|
|
|
long-term borrowings |
38.889 |
27.778 |
16.667 |
|
Short term borrowings |
265.260 |
0.000 |
0.000 |
|
Current Maturities of Long
term debt |
11.111 |
11.111 |
11.111 |
|
Total
borrowings |
315.260 |
38.889 |
27.778 |
|
Debt/Equity
ratio |
0.089 |
0.008 |
0.005 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
18171.106 |
18619.414 |
19462.302 |
|
|
|
2.467 |
4.527 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
18171.106 |
18619.414 |
19462.302 |
|
Profit |
1127.451 |
1267.016 |
1092.451 |
|
|
6.20% |
6.80% |
5.61% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
229.720 |
229.720 |
|
(b) Reserves & Surplus |
|
5673.394 |
4580.761 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
5903.114 |
4810.481 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
16.667 |
27.778 |
|
(b) Deferred tax liabilities (Net) |
|
193.362 |
190.635 |
|
(c)
Other long term liabilities |
|
129.445 |
101.397 |
|
(d)
long-term provisions |
|
50.277 |
50.232 |
|
Total
Non-current Liabilities (3) |
|
389.751 |
370.042 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
614.627 |
474.241 |
|
(c)
Other current liabilities |
|
167.558 |
202.182 |
|
(d)
Short-term provisions |
|
61.558 |
126.164 |
|
Total
Current Liabilities (4) |
|
843.743 |
802.587 |
|
|
|
|
|
|
TOTAL |
|
7136.608 |
5983.110 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
3283.854 |
3169.292 |
|
(ii)
Intangible Assets |
|
26.293 |
30.111 |
|
(iii)
Capital work-in-progress |
|
128.591 |
108.593 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
7.044 |
6.866 |
|
(c) Deferred tax assets
(net) |
|
252.655 |
210.270 |
|
(d) Long-term Loan
and Advances |
|
0.000 |
0.000 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
3698.437 |
3525.132 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
998.249 |
457.496 |
|
(c)
Trade receivables |
|
168.458 |
123.473 |
|
(d)
Cash and cash equivalents |
|
2068.957 |
1770.075 |
|
(e)
Short-term loans and advances |
|
189.402 |
97.134 |
|
(f)
Other current assets |
|
13.105 |
9.800 |
|
Total
Current Assets |
|
3438.171 |
2457.978 |
|
|
|
|
|
|
TOTAL |
|
7136.608 |
5983.110 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
19462.302 |
18619.414 |
|
|
|
Other Income |
|
138.416 |
96.859 |
|
|
|
TOTAL |
|
19600.718 |
18716.273 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
14092.056 |
12956.972 |
|
|
|
Purchases of Stock-in-Trade |
|
158.892 |
112.606 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
(39.543) |
274.445 |
|
|
|
Employees benefits expense |
|
946.225 |
857.694 |
|
|
|
Other expenses |
|
2647.436 |
2529.181 |
|
|
|
TOTAL |
|
17805.066 |
16730.898 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
1795.652 |
1985.375 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
5.780 |
9.609 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
1789.872 |
1975.766 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
323.743 |
288.809 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
1466.129 |
1686.957 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
373.678 |
419.941 |
|
|
|
|
|
|
|
|
|
|
PROFIT FOR
PERIOD BEFORE MINORITY INTEREST |
|
1092.451 |
1267.016 |
|
|
|
|
|
|
|
|
|
Add |
SHARE OF PROFIT
FOR PERIOD |
|
0.181 |
0.224 |
|
|
|
|
|
|
|
|
|
|
PROFIT FOR THE
PERIOD |
|
1092.632 |
1267.240 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
|
47.56 |
55.16 |
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G48126940 |
100108815 |
YES BANK LIMITED |
14/06/2017 |
- |
- |
63800000.0 |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA,DR. ANNIE BESANT ROAD, WORLI,MUMBAIMH400018IN |
|
2 |
C60290590 |
10267444 |
HDFC BANK LIMITED |
21/12/2010 |
11/08/2014 |
23/07/2015 |
850000000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
3 |
C55063481 |
10114505 |
State Bank of
India |
07/07/2008 |
- |
25/05/2015 |
30000000.0 |
OLD POLICE STATION
ROADNARASARAOPETAP522601IN |
|
4 |
C54941851 |
10222438 |
State Bank of
India |
28/05/2010 |
- |
25/05/2015 |
40000000.0 |
MAIN BRANCHMARKET
CENTERNARASARAOPETAP522601IN |
|
5 |
C12245312 |
10087726 |
ANDHRA BANK |
28/01/2008 |
14/11/2011 |
26/06/2014 |
720000000.0 |
KORETIPADU
BRANCHOPP. HARIHARA MAHAL, KORETIPADU,GUNTURAP522007IN |
|
6 |
B91948521 |
90117288 |
THE VYSYA BANK
LTD. |
24/10/1997 |
- |
04/12/2013 |
2000000.0 |
BRANCHGUNTUREAPIN |
|
7 |
B90528142 |
10320550 |
HDFC BANK LIMITED |
12/11/2011 |
- |
28/11/2013 |
5936000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
8 |
B90529025 |
10426371 |
HDFC BANK LIMITED |
27/04/2013 |
- |
28/11/2013 |
2926000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
9 |
B90527532 |
10306386 |
HDFC BANK LIMITED |
21/07/2011 |
- |
28/11/2013 |
21564750.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
|
10 |
B90528563 |
10376842 |
HDFC BANK LIMITED |
11/09/2012 |
- |
28/11/2013 |
2200000.0 |
HDFC BANK
HOUSESENAPATI BAPAT MARGLOWER PAREL WMUMBAIMH400013IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Term loans from banks |
16.667 |
27.778 |
|
|
|
|
|
Total |
16.667 |
27.778 |
CHANGE OF ADDRESS:
Registered address of the company has been shifted from D.NO.12-8-8, Prakash
Nagar, Narasaraopet - 522601, Andhra Pradesh, India to the present address
w.e.f.01.09.2011.
COMPANY OVERVIEW
The company, a wholly owned subsidiary of BSA International SA, Belgium is engaged in the business of processing milk and production of dairy related products.
COMPANIES PERFORMANCE & FUTURE ASPECTS:
The Company has established itself as a reliable and high quality of broad range of Products in the Market. The Company has undertaken initiatives for improving its presence in export market and expects good growth in sales and profit in upcoming periods. It has also implemented measures to improve operational efficiency. During the year, Tirumala has consolidated its presence in all its areas of operation as a strong milk brand with a diversified product portfolio. They shall also continue to strive to make Tirumala as a pan-India brand. The Company will continue to focus its resources, strengths and strategies to achieve its vision of brand building, maximizing stakeholders return and developing people to deliver the same, while upholding the core values of excellence, integrity, responsibility, unity and understanding, which are fundamentals to the running of the Company’s business. The management is regularly watching the new trends and developments in the dairy business and timely actions and strategies are introducing to boost the income and are hopeful to register new heights of progress in the coming years.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Outstanding guarantees |
0.800 |
8.625 |
|
Sales tax related matters |
311.664 |
0.000 |
FIXED ASSETS:
· Land
· Buildings
· Plant and
· Factory equipment’s
· Furniture and fixtures
· Vehicles
·
Office equipment
· Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or anti-terrorism
sanction laws or whose assets were seized, blocked, frozen or ordered forfeited
for violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government official
or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.23 |
|
UK Pound |
1 |
INR 89.71 |
|
Euro |
1 |
INR 79.50 |
INFORMATION
DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
VIK |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.